Displaying 35 results
LPL acquiring California broker-dealer with 260 advisors
Crown Capital CEO Darol Paulsen says shared philosophy with LPL will help its advisors spend more time with clients.
LPL crosses 20,000 adviser head count, probes small-firm M&A market
When it comes to mergers and acquisitions, "it’s smaller broker-dealers and RIAs that may be an opportunity," CEO Dan Arnold said.
LPL kept spending big on recruiting in 2021
A rough calculation puts the independent broker-dealer's forgivable loans at $773 million at the end of last year, up 84% from $419 million a year earlier.
LPL drives assets to $1.1 trillion in Q2
The largest independent brokerage was firing on all fronts for the three months that ended in June, including recruiting advisers, bringing in net new assets and completing previously announced deals to purchase advisers.
$300 million Waddell & Reed team joins Raymond James
Eight Kansas reps will affiliate with the independent unit of Raymond James through Beyond Wealth Advisors.
LPL hanging onto Waddell & Reed advisers and assets
LPL Financial said it will likely surpass its target to bring aboard Waddell & Reed advisers, according to CEO Dan Arnold. The company reported adviser headcount was 17,287, up 119 from the end of September and 823 year-over-year.
LPL offers stay bonuses to Waddell & Reed advisers
The deals reportedly range from 30% to 50% of an adviser's prior year's revenues
‘Booyah!’ LPL scores win with Waddell & Reed deal, analysts say
The largest broker-dealer picked up 900-plus advisers, but most importantly at the right price
LPL to scoop up 900 Waddell & Reed advisers in latest deal
The transaction will cost LPL Financial $300 million and represents $63 billion in assets
Hybrid managing $250 million goes to LPL from Waddell
JTL Wealth Partners, based in Plano, Texas, has national ambitions
Team managing $285 million switches to Raymond James from Waddell & Reed
The trio of advisers operates as PDX Wealth Management in Lake Oswego, Ore.
Rep fined $5,000 for cheating on Series 24 exam
Spencer Sullivant, a former Waddell & Reed rep, was also suspended for 18 months
A new playbook for independent broker-dealer M&A
Everyone is up for sale at the right price – and private equity is buying
Waddell & Reed to axe 158 employees at Kansas headquarters
Company is outsourcing transaction processing to SS&C Asset Manager Solutions.
Advisers managing $185 million at Waddell & Reed go indie with LPL
Three principals form Teton Wealth Management in Idaho Falls, Idaho
Waddell & Reed settles 401(k) lawsuit for $4.9 million
The active fund manager is one of several investment firms to settle self-dealing lawsuits in the last few years.
Former Waddell & Reed broker barred for taking $130,000 from his elderly mother
Robert Lee Basile faces two years of probation after pleading guilty to theft from an elder and embezzlement.
Waddell & Reed will no longer lease office space for many of its brokers
Firm is boosting adviser payout to compensate for increased office expenses and investing savings in enahcements such as new technology.
LPL recruits $220 million Missouri team from Waddell & Reed
BMG Advisors has served clients in Kansas City for 35 years.
Half a dozen Midwest advisers bolt from Waddell & Reed
The broker-dealer, which has seen an exodus of brokers in the last couple of years, lost six more experienced advisers last week.
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